Research Expert: Sarah Overall
  • Published: Feb 2025
  • Pages: 150
  • SKU: IRTNTR40575

  • Latest News- Sports Betting Market: Online is expected to lead the Platform segment during 2025-2029

    The Sports Betting Market is being driven by Digital revolution

    The Sports Betting Market is expected to grow at a CAGR of 12.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 221.1 billion. The global sports betting market is experiencing significant growth due to the increasing influence of advanced technologies, including blockchain, virtual reality, and artificial intelligence, particularly machine learning tools. Vendors in this sector are allocating substantial investments towards machine learning methods, which have demonstrated impressive capabilities in predictive analysis. Machine learning algorithms and models leverage real-time data from diverse sources, such as player statistics, weather conditions, and fan sentiment, to generate accurate predictions and enhance betting efficiency. This technological advancement is driving consumer demand and fostering market expansion throughout the forecast period. 

    Get more information on Sports Betting Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Platform
      • Online
      • Offline
    • Type
      • Basketball
      • Horse riding
      • Football
      • Others
    • Betting Type
      • Fixed Odds Wagering
      • Exchange Betting
      • Live/In-Play Betting
      • eSports Betting
    • Geography
      • APAC
        • China
        • India
        • Japan
      • Europe
        • Germany
        • UK
        • France
        • Italy
      • North America
        • Canada
        • US
      • South America
        • Middle East and Africa

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Digital revolution
        • Increasing commercialization of sports events
        • Legalization of sports betting

        However, the market also witnesses some limitations, which are as follows:

        • Stringent government regulations and restrictions
        • Scandals and illegal practices in betting
        • Socioeconomic impact of sports betting

        Benefits of Buying Global Sports Betting Market Research Report by Technavio

        Rich Experience: 20+ years leading global market research, trusted insights across industries.

        Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

        Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

        Market Scope in Sports Betting Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        201

        Base year

        2024

        Historic period

        2019-2023

        Forecast period

        2025-2029

        Growth momentum & CAGR

        Accelerate at a CAGR of 12.6%

        Market growth 2025-2029

        USD 221.1 billion

        Market structure

        market_structure.ucfirst

        YoY growth 2024-2025(%)

        11.0

        Key countries

        US, China, Germany, Italy, Australia, Canada, India, UK, Japan, and France

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        The sports betting market encompasses various types of sports, including Baseball, Basketball, Cricket, NFL, Horse Racing, Tennis, and more, catered by leading betting sites on digital platforms. With the convenience of mobile devices and wireless connectivity, smartphone users can now engage in online betting on Sports Type like Basketball, Football, Cricket, etc., surpassing Casino Gambling. DataReportal reveals an increasing trend in Virtual Reality and Platforms like Uplatform, enhancing the betting experience.

        Market Research Overview

        In the sports betting market, regulatory bodies issue various licenses to ensure a fair and crime-free gambling environment. For on-location casinos, obtaining an operating license is essential to legally operate specific gambling facilities. A premises license or non-remote casino operating license is mandatory for casinos offering gambling services from fixed premises. This license guarantees the legality of the gambling premises. Separate licenses are required for combined casino operations involving both non-remote and remote activities. Individuals holding management positions in a casino must secure personal management licenses, while those performing specific functions need personal functional licenses. These licenses contribute significantly to maintaining a regulated and legitimate gambling industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

        Read News Read Less
        Interested in this report?
        Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.